Quarterly report pursuant to Section 13 or 15(d)

NOTE 5: PREPAID EXPENSES

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NOTE 5: PREPAID EXPENSES
9 Months Ended
Sep. 30, 2019
Notes  
NOTE 5: PREPAID EXPENSES

NOTE 5: PREPAID EXPENSES

 

Prepaid expenses consist of the following as of September 30, 2019 and December 31, 2018:

 

 

 

September 30,

2019

 

December 31,

2018

Prepaid insurance

$

79,423

$

52,105

Prepaid raw material/inventory

 

44,622

 

-

 

$

124,045

$

52,105

 

For the three and nine months ended September 30, 2019 and 2018, the Company recognized amortization of prepaid expense of $28,481, $23,524, $79,299 and $65,675, respectively.